To provide some context, from 2011 and 2013, the average charges fell a mere 6bps. Between 2015 and 2016 alone, the average OCF dropped by 3.9bps.
And Nucleus Financial Group founder and CEO David Ferguson does not anticipate the downward pressure on fees will let up anytime soon.
Ferguson’s sample group includes a universe of approximately 5,000 funds, a mixture of passive and active vehicles that are predominantly UK-based, featured on the Nucleus wrap platforms.
“The picture right now is pretty stark,” admits Ferguson, and he only expects the curve to steepen further.
